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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Post by good7news7soonon Sep 03, 2024 4:37pm
461 Views
Post# 36206879

Critical minerals, western security and the case for US ....

Critical minerals, western security and the case for US ....

Today, one strategic imperative for the US (and the West) is becoming increasingly urgent, namely the vulnerability of supply chains, and in particular the critical minerals vital for electric vehicles, battery storage and the wider energy transition.

The International Energy Agency estimates that we need an extra $800 billion of investment in new mining projects by 2040 to meet the 1.5 °C target. To appreciate the scale of the challenge, compare critical minerals to oil, with its historically fraught impact on international relations.
https://www.mining.com/critical-minerals-western-security-and-the-case-for-us-leadership/

 

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